• EVERY MORTGAGE TELLS A STORY

     
Lee and Suzy Email header

Every Mortgage Tells A Story: Specialist Help to Buy

Vida Homeloans is the award-winning specialist residential and buy to let lender for customers who may not fit the criteria currently demanded by high street lenders. Every mortgage tells a story; tell us your customer’s.

Meet Lee and Suzy. They want to purchase a New Build property where the developer is part of the Help to Buy (HTB) scheme in England and Wales. They want to borrow 75% of the value of the property, with 20% of the deposit coming from the HTB scheme and 5% from a Help to Buy ISA. Suzy is employed but Lee is a self-employed contractor and has just started a new six month contract. He recently missed a small payment to his credit card provider. Although they’ve been turned down by a couple of high street lenders their broker knows that this is just the sort of case where Vida will listen to their story.

 

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Why should you consider Vida for your Help to Buy customers

  • Available up to 80% LTV for a Scottish purchase, 75% in England, London & Wales
  • 4.8% Revert rate options for both 2 and 5 year terms
  • Up to 85% LTV remortgage when staircasing on all schemes
  • Extensive New Build criteria - fast-tracked initial offer lasting 6 months, extendable by another 6
  • Gifted deposits and HTB ISA (plus bonus) accepted
  • Builder incentives considered above customer’s 5% deposit
  • Impaired and improving credit history accepted
  • Self-employed minimum 1-year trading
  • Contractors with short work history accepted